Great news everyone! One of our lenders has just come out with a special offer under which the Lenders Mortgage Insurance premium is waived for mortgages for up to 85% of the property value.
The basic outline of the offer is as follows:
Maximum of 85% LVR (85% of the property value / purchase price).
Maximum loan size of up to $1.5 million. Higher on a case by case basis.
Purchases, refinances and all other reasonable purposes are considered.
Must have a clear credit history.
Must have stable employment (contact us for more info regarding this policy).
The requirement for Lenders Mortgage Insurance is waived. No LMI premium or risk fee is payable.
In addition to this there are also special interest rate discounts available, depending on the loan amount.
If you would like to know more about this special offer then please contact our office on 1300 889 743 and ask to speak to one of our mortgage brokers who specialise in discounted LMI.